When a big Wall Street firm loses a huge pile of money, it's often hard to figure out exactly what happened.
But as losses at Merrill Lynch mounted, its former Chief Executive Officer Stan O'Neal has given us a pretty good idea where he was and what he was doing.
He was golfing.
O'Neal's golf scores, available on the U.S. Golf Association's Web site, www.ghin.com/lookups/index.html, were first brought to public attention by the Bespoke Investment Group's Web site.
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In the six weeks between Aug. 12 and Sept. 30, as Stan O'Neal's firm was losing money at a rate of more than $100 million a day, the CEO managed to play 20 rounds of golf on four different courses — dropping his handicap from 10.2 to 9.1.